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Feb 20, 2013
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Feb 20, 2013
02/13
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a lot of times it's happening behind closed doors in deals like the fiscal cliff deal or debt ceiling deal. the very fact the process is happening and advocates know that their members are working together on this makes it much more likely for them to get involved. as those senators involved in this have mentioned. they are not planning to get a bill to the floor until march. so i think you're only going to see those efforts stepping up in the next few weeks. >> i want to bring in congressman castro, it's good to have you on the show. they would have had loved to have a tap on the phone, three republicans that he talked to yesterday talking about immigration. what do you take away from that? >> i think that the president is serious about working in a bipartisan way to get comprehensive immigration reform done. he does want to be a leader on this but also that he respects the role of the congress and specifically of those republicans who have gone out on a limb a bit to make comprehensive immigration reform a reality. >> we've been talking about the c contentious town hall, only guns w
a lot of times it's happening behind closed doors in deals like the fiscal cliff deal or debt ceiling deal. the very fact the process is happening and advocates know that their members are working together on this makes it much more likely for them to get involved. as those senators involved in this have mentioned. they are not planning to get a bill to the floor until march. so i think you're only going to see those efforts stepping up in the next few weeks. >> i want to bring in...
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Feb 20, 2013
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cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catch me ridin' dirty ♪ ♪ tryin' to catch me
cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i...
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Feb 24, 2013
02/13
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in august 2011 it was the debt ceiling and then the fiscal cliff. these things were averted with short term solutions. this particular solution, this sequestration allows both sides to have the melt down that they have been jockeying for and it is less impactful than a government shut down and probably less than breaching the debt ceiling. it is a managed risk here. i don't know that i agree with senator coburn that it is an entirely made up problem but i do think that it is something that is less impactful than a lot of the other fiscal debates that we have had. >> as is frequently the case in washington, d.c. the blame game. bob woodward writing the automatic spending cuts were initiated by the white house. his colleague declined writing he disagrees saying the sequester was appunt. the point was to give both sides a face-saving way to raise the debt ceiling even though the tax issue was stopping them from agreeing to a deficit deal. why at this point is the pointing of the finger so important? >> because when the pain comes somebody is going to w
in august 2011 it was the debt ceiling and then the fiscal cliff. these things were averted with short term solutions. this particular solution, this sequestration allows both sides to have the melt down that they have been jockeying for and it is less impactful than a government shut down and probably less than breaching the debt ceiling. it is a managed risk here. i don't know that i agree with senator coburn that it is an entirely made up problem but i do think that it is something that is...
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Feb 20, 2013
02/13
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another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare
another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that...
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Feb 18, 2013
02/13
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when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut roughly out
when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that...
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Feb 20, 2013
02/13
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i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women patrolling our borders. teachers, first responders. these are real people whose futures hang in the balance depending on a decision that republicans in congress will or will not make. secondly, besides the cbo, they estimate that the sequester, if it takes place in 2013, it will reduce growth 5.6% during 2013. we have already seen impacts from the sequestered. analysts made it clear back in january. it was in large part because the defense sector had anticipation of the sequestered driving down defense spending. we will see only more of that happen if a sequester kicks in. the cbo number on gdp growth is mirrore
i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women...
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Feb 18, 2013
02/13
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ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job creation. the president -- >> chris: let me bring karl in here. one, to talk about the sequester and also, in a bigger sense, look at the president's state of the union speech and agenda he laid out and what does it tell us what he wants to do in his second term. >> spend a lot of money and pursue a lot of liberal social policies and also says he's out of touch with the reality of where the country is, the democrats spent the last week going around and saying we don't have a spending problem and on the fox poll 83% of the american people say we have a spending problem, i agree with kim, $85 billion cut is a 2.4% cut, roughly out of this year's
ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job...
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Feb 18, 2013
02/13
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it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that econom
it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was...
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Feb 20, 2013
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and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same th
and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just...
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Feb 17, 2013
02/13
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seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now if this happens the sequester happens, the cuts will be blunt brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you said you were thinking about it. i think you put togethe
seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table trillions of dollars of cuts. you just heard the chief...
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Feb 23, 2013
02/13
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. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you wait until you get the last card in order to find out whether you think you can win or not and then you normally assess what happens if you lose. but when you have a handful of people that can't lose and they want to win and if they stop government they've won and they don't feel the pain like it's their mom or their kids that are losing. they believe that their conservatism is enough to be a patriot to bring their own party down, but to bring the country down with it. and so i heard you say that we'll do this over and over again until people are numb, but even with russian roulette, there is a live
. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you...
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Feb 17, 2013
02/13
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that is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting unemployment under four%, bill clinton and newt gingrich laid out that pattern. i wish president obama would engage the house republicans the way bill clinton did. host: david winston, a republican strategist, you can hear his election analysis on cbs news. coming up next, we will look at the executive order the president signed last week with larry clinton of the internet security alliance. then our next guest will be an expert on nuclear weapons, who will talk about which nations have nuclear capabilities. all of that after this break. ♪ >> we have a
that is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting...
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Feb 16, 2013
02/13
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cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within t
cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this?...